Intel raises $20 billion from upsized share sale: Where the money will go?

Intel announced on Tuesday that it raised $20 billion in an upsized share sale, about one-third more than it initially planned. The chipmaker said on Monday it aimed to raise $15 billion through the share sale.

The chipmaker priced the offering at $95 per share, a 6.5% discount to Friday’s closing price, according to Bloomberg calculations. Sources close to the development also told Bloomberg that the share sale drew more than $100 billion in demand.